Wells, BA5 2DN

Location. Excellent location in the heart of Wells. The property enjoys a desirable, central position with strong foot traffic, nestled among popular businesses such as Studleys Jewellers, COOK and Basil Powell . Serving a local population of around 12,000, Wells is known for its wide array of amenities and vibrant independent community. The High Street is ranked as one of the best Independent High Streets in the UK. Description. 2 Broad Street comprises an attractive Grade II Listed commercial property occupying a prominent position within Wells city centre. The ground floor is currently configured as a retail sales area with a large display frontage onto Broad Street, providing excellent visibility and natural light. The upper floors provide ancillary accommodation including office, storage and staff facilities, creating a practical and versatile commercial premises. The property is currently let and is offered for sale subject to the existing tenancy, presenting an attractive investment opportunity within one of Somerset's most sought-after commercial locations. Services. The property benefits from mains water, electric, drainage and gas. Tenure. Freehold, subject to the existing occupational tenancy. Tenancy The property is occupied by Microbitz at a rent of £15,000 per annum, payable quarterly in advance. The tenant is responsible for repairs, business rates, utilities and reimbursing the landlord’s insurance premium. Microbitz remains in occupation following the expiry of the original lease term. Full lease details are available from the selling agents. Local Authorities. Somerset Outgoings. The property currently has a rateable value of £13,250. If applicable, small business rate reliefs may be available Energy Performance Rating. C Rights of Way, Easements etc. The property is not believed to be affected by any private rights of way or similar matters. The property is however offered for sale subject to and with the benefit of all matters contained in or referred to in the property charges register of the registered title together with all public and private rights of way, wayleaves, easements and other rights of way whether these are specifically referred to or not. Directions. From the centre of Wells, proceed down the High Street for approximately 250 metres into Broad Street. The property will be in front of you on the corner. What3words. ///invented.cushy.allergy Post Code. BA5 2DN Viewings. Strictly by appointment with the selling agents, Killens